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ZOLL Defeats Claims by AutoMedx, Awarded Damages and Attorneys’ Fees

July 30, 2018

CHELMSFORD, Mass.--(BUSINESS WIRE)--Jul 30, 2018--ZOLL ® Medical Corporation, an Asahi Kasei Group Company that manufactures medical devices and related software solutions, announced today that it was awarded $1.8 million in damages plus $3.6 million in attorneys’ fees, costs and interest for breach of contract by AutoMedx, LLC. The arbitrator also denied all of AutoMedx’s claims against ZOLL and its subsidiary, Advanced Circulatory Systems Inc. (ACSI).

The dispute arose from ACSI’s termination of a product development agreement due to AutoMedx’s failure to perform. In response to the termination, AutoMedx sued ZOLL and ACSI in federal court, seeking in excess of $50 million in damages. As required by contract and as a result of ZOLL’s motions, all of the claims in that case were sent to arbitration.

“We are pleased that the arbitrator found ACSI’s termination of the AutoMedx contract to have been proper and that ACSI was entitled to a refund from AutoMedx of its development costs, as well as an award of a substantial amount of the attorneys’ fees and costs that ZOLL incurred in the arbitration” said Jonathan A. Rennert, Chief Executive Officer of ZOLL. “It is unfortunate that AutoMedx chose to pursue litigation, as the arbitrator completely exonerated ZOLL and ACSI from any liability to AutoMedx whatsoever.”

About ZOLL Medical Corporation ZOLL Medical Corporation, an Asahi Kasei Group Company, develops and markets medical devices and software solutions that help advance emergency care and save lives, while increasing clinical and operational efficiencies. With products for defibrillation and monitoring, circulation and CPR feedback, data management, therapeutic temperature management, and ventilation, ZOLL provides a comprehensive set of technologies that help clinicians, EMS and fire professionals, and lay rescuers treat victims needing resuscitation and acute critical care. For more information, visit  www.zoll.com.

About Asahi Kasei The Asahi Kasei Group is a diversified group of companies led by holding company Asahi Kasei Corporation, with operations in the material, homes, and health care business sectors. Its health care operations include devices and systems for acute critical care, dialysis, therapeutic apheresis, transfusion, and manufacture of biotherapeutics, as well as pharmaceuticals and diagnostic reagents. With more than 30,000 employees around the world, the Asahi Kasei Group serves customers in more than 100 countries. For more information, visit .

©2018 ZOLL Medical Corporation. All rights reserved. ZOLL is a registered trademark of ZOLL Medical Corporation in the United States and/or other countries. Asahi Kasei is a registered trademark of Asahi Kasei Corporation. All other trademarks are the property of their respective owners.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180730005088/en/

CONTACT: ZOLL Medical Corporation

Diane Egan, +1 978-421-9637

degan@zoll.com

KEYWORD: UNITED STATES NORTH AMERICA MASSACHUSETTS

INDUSTRY KEYWORD: HEALTH BIOTECHNOLOGY CARDIOLOGY MEDICAL DEVICES

SOURCE: ZOLL Medical Corporation

Copyright Business Wire 2018.

PUB: 07/30/2018 09:00 AM/DISC: 07/30/2018 09:00 AM

http://www.businesswire.com/news/home/20180730005088/en

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